An American-Slovak investment group, Bay View, has pledged to remain firm and committed to the continued investment in Rwanda for the development of human resources and socio-economic development of the country.
John Mirenge, chairman of RwandAir was pacing up and down from the intensive care unit to the reception at King Faisal Hospital in Kigali. His phone was ringing off the hook. Calls were coming in from all corners of the world inquiring about the November 12 RwandAir accident at Kigali International Airport. The victims had been rushed to the hospital.
SABMILLER 's two main competitors in Nigeria, Guinness and Heineken, make nearly as much in that market as SA's brewing giant makes in 24 other African countries, excluding SA.
In the latest twist to this saga, Chris Gabriel, the chief executive officer of Zain Africa, has said it is not for sale.
IT WILL not be easy for Telkom to enter the market as SA's fourth cellular operator. It will be hugely expensive for a start, as it needs to have a mobile network that will outclass those of its rivals to have any hope of luring customers. And the R6bn price tag is enormous.
Essar had earlier paid US$ 3 million in licence fees to receive Uganda's sixth mobile licence
THE seventh mobile operator in Uganda, Smiles Communication, starts operations today, using the 02 code.
South Africa's Media24 has increased its presence in Kenya's publishing industry with the takeover of East Africa Magazines, the publisher of True Love, Drum and Move! magazines.
Zain Tanzania has been voted "2009 Most Respected Company" in the country by East Africa's top CEOs.
As Globacom gets set to launch its Glo Broad Access service, which offers the convergence of advanced voice, advanced data and advanced video in a single wired line today, a brand new revolution seems to be in the offing in the Nigerian telecommunications industry.
MTN Rwanda, the country's largest mobile operator announced on Monday that it has acquired Rwf10b in form of a syndicated loan from seven local banks to upgrade its network.
MTN's Average Revenue per User (ARPU) which describes how much money each subscriber spends on average on the network has declined, according to its latest figures.
FUEL retailer Engen Petroleum yesterday pleaded ignorance to reports Zimbabwean authorities had thwarted its bid to acquire fuel assets in the country.
South Africa-based Elgin Engineering and the state-owned Tanzania State Mining Corporation (Stamico) are jointly constructing a $20 million mining equipment manufacturing facility.
Tigo, a subsidiary of Millicom International Cellular has started its operations in Rwanda promising to offer the cheapest call tariffs on its per second billing platform, igniting a price war in the industry.
